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WEKU
Jennifer Ludden

Voters approved more money for affordable housing around the country

Even though higher mortgage rates are starting to curb housing prices, the share of first-time homebuyers has fallen to a historic low, according to the National Association of Realtors. (Sue Ogrocki/AP)

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Gas prices got a lot of attention from candidates these midterm elections, but rents and home prices that skyrocketed during the pandemic are a far bigger chunk of people's budgets — and those increases are fueled by a historic housing shortage. Voters in dozens of cities were asked to approve more spending for affordable housing, and in some places they did so overwhelmingly.

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